Holy shit did venture capitalists spend a lot of money in January.
Investments in new companies shot to $5.8 billion by the end of the month up from $3.5 billion over the same period last year, according to data from CrunchBase.
It’s only one month, not a full quarter, but it seems like venture investors are setting the stage for a very, very active year.
Software investments led all categories with just over $1 billion committed to deals, up from $597.3 billion last year. But hardware companies, e-commerce startups, mobile technologies, financial services offerings, and health-related technologies all attracted significantly more cash, CrunchBase data showed.
It’s also worth mentioning that while the total amounts that investors committed went up in most categories, the number of investments made by venture capitalists actually declined in six of the top 10 investment sectors by capital committed compared to last year’s figures. This…
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